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Lidl confirms purchase of Strabane Shopping Park

Thursday, 17 May 2018

SUPERMARKET retailer, Lidl, has confirmed that it has acquired Strabane Shopping Park in an investment, the retailer says, that will firmly secure the site's long-term future and enhance its growth potential.

Alongside the purchase of the 23,317sq ft site, the German chain has also unveiled long-term plans for the development of a new flagship store.

The purchase fee has not been disclosed however the site was on the market for an asking price of in excess of £3,285,000.

Built in 2006, Strabane Shopping Centre, which is located to the west of Strabane town centre and currently incorporates Argos, New Look, Peacocks and Menarys, has been on the market since September 2016.

The company confirmed that it has also agreed contractual terms for a neighbouring site which could facilitate the creation of up to three new independent retail units.

Lidl said its longer-term investment plans, which are expected to include the development of a new flagship Lidl store, will unlock the wider potential of the sites acquired and deliver sustainable, economic benefits to Strabane and the wider area.

Lidl NI director, Conor Boyle, said Strabane is key to its strategic growth, investment and regeneration plans in Northern Ireland.

"We have been committed to the area since we opened our first store at Bradley Way and we're excited about Strabane Shopping Park's inherent potential and its location close to the town centre.

"Supported by a strong local and regional team, we're confident that investment plans and ambitions for the site, and the additional adjacent land, will stimulate further economic growth for local communities, the town and the area."

CBRE represented Lidl in its acquisition of Strabane Shopping Park.

Employing more than 750 staff across 38 stores, Lidl is Northern Ireland's fastest-growing food retailer and is staunchly committed to supporting local communities, local producers and the environment.

Since Lidl launched its Community Works initiative, it has raised thousands of pounds in funding and provided practical help to more than 700 community groups and charities, including Mourne River Search & Rescue, New Horizons Partnership and Sure Start in Strabane.